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ChristianKl comments on Open thread, July 29-August 4, 2013 - Less Wrong Discussion

3 Post author: David_Gerard 29 July 2013 10:26PM

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Comment author: ChristianKl 07 August 2013 11:54:33AM 0 points [-]

Basically both politicans don't want to change anything about the minimum wage but stay with the status quo.

The German solution was over long time to have binding contracts between employers and unions about what minimum wage had to be payed in certain sectors.

Even employers in that sector that didn't engage in the negotions were supposed to be bound by them.

Some sectors such as temp work then has gotten by law a minimum wage that pays €7.50 = $9.97 because there no binding labor contracts. That a lot higher than the US minimum wage of $7.25 = €5.44.

It fairly recent in Germany that the left started to call for a minimum wage. I think nearly nobody who calls for a minimum wage in Germany would feel that he reached much if the minimum wage would be at US levels.

Obama certainly doesn't try to get the minimum wage raised to the kind of level that the people who call for a minimum wage in Germany want to have.